Article: LYCOS ASIA WINS LICENSE IN CHINA AUTHORITIES GIVE OK TO FOREIGN-OWNED WEB SITE

Lycos Inc.'s affiliate in Asia has received a license from Chinese authorities to operate one of China's first foreign-owned Web sites.

Control over online content is a touchy matter for China's authoritarian rulers, who are wary of the Internet but also need to abide by the rules of the World Trade Organization, which the country is in the process of joining.

Those rules require foreign investors to be allowed to operate companies outright. Currently, foreign Web companies operate in China only through through partnerships with Chinese institutions that can exert control. Yahoo Inc., for instance, says its cn.yahoo.com site is a joint venture with a company controlled by Beijing University ...

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